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Johannesburg - The South African Institute of Chartered Accountants (Saica) and EY announced on Wednesday the launch of annual awards for chief financial officers (CFOs) to recognise exceptional leaders in finance.
The CFO Awards is a platform where top CFOs will be recognised and celebrated for excellence in financial leadership, innovation and corporate governance.
Winners will be honoured at an awards ceremony to be held on May 22 2014 in Johannesburg after an evaluation process.
“While it is widely accepted that the increasing complexity and globalisation of business has transformed the role of finance professionals worldwide, recent economic challenges have intensified pressure further," said Kelly Masete, project director of members in business at Saica.
"CFOs operate in a more discerning business universe analysing information in complex and volatile financial markets to provide real-time business insights that would give their enterprises a competitive advantage.”
For those who aspire to perform a more strategic financial role, the opportunity is yet to be seized as recent global studies indicate that CFOs still spend most of their time in transactional activities.
“A recent CFO survey undertaken by Saica, in collaboration with the Duke University and CFO Magazine indicate that the CFOs surveyed spent 84% of their time on reporting, cost reduction and administrative roles,” said Langa Mconi, senior executive of member services at Saica.
The awards will be expanded in future to ensure that all sectors, including private, NGO and public sector CFOs are recognised.
The CFO Awards is a platform where top CFOs will be recognised and celebrated for excellence in financial leadership, innovation and corporate governance.
Winners will be honoured at an awards ceremony to be held on May 22 2014 in Johannesburg after an evaluation process.
“While it is widely accepted that the increasing complexity and globalisation of business has transformed the role of finance professionals worldwide, recent economic challenges have intensified pressure further," said Kelly Masete, project director of members in business at Saica.
"CFOs operate in a more discerning business universe analysing information in complex and volatile financial markets to provide real-time business insights that would give their enterprises a competitive advantage.”
For those who aspire to perform a more strategic financial role, the opportunity is yet to be seized as recent global studies indicate that CFOs still spend most of their time in transactional activities.
“A recent CFO survey undertaken by Saica, in collaboration with the Duke University and CFO Magazine indicate that the CFOs surveyed spent 84% of their time on reporting, cost reduction and administrative roles,” said Langa Mconi, senior executive of member services at Saica.
The awards will be expanded in future to ensure that all sectors, including private, NGO and public sector CFOs are recognised.
